WROP definition
Examples of WROP in a sentence
WROP is a Georgia limited partnership duly organized pursuant to a limited partnership agreement dated February 11, 1993 and is validly existing and in good standing under the laws of Georgia.
WROP is a limited partner of WDOP and owns an approximately 11% partnership interest in WDOP.
Newco has heretofore delivered to the Company complete and correct copies of its charter and Bylaws, and Parent has delivered to the Company complete and correct copies of its Certificate of Limited Partnership and the Parent Partnership Agreement, the Agreement of Limited Partnership of WROP Merger Sub and the Agreement of Limited Partnership of WDOP Merger Sub.
The Company shall not, nor shall it permit any of its Subsidiaries to, agree to amend, waive, modify or terminate any provision of the WDOP Merger Agreement or the WROP Merger Agreement or any other OP Transaction Document.
As of the date hereof and as of the Closing Date, neither Newco nor Parent has any Subsidiaries, except that Newco is a wholly owned Subsidiary of Parent, and WROP Merger Sub and WDOP Merger Sub are Subsidiaries of Parent, and except for any newly created subsidiaries pursuant to Section 5.20.
The Borrower and WROP are qualified subsidiaries of a real estate investment trust within the meaning of the Code.
The conditions precedent to the consummation of both the WDOP Merger and the WROP Merger set forth in the WDOP Merger Agreement and in the WROP Merger Agreement, respectively, shall have been satisfied (or waived), and both the WDOP Merger and the WROP Merger shall have been consummated.
The general partner of WDOP has approved the WDOP Merger and the WDOP Merger Agreement, and the general partner of WROP has approved the WROP Merger and the WROP Merger Agreement.
Collectively, Walden, as the genera▇ ▇▇▇▇ner of the Borrower, Walden Operating, Inc., ▇▇ the general partner of WROP, and any general partner of an Additional Guarantor.
Notwithstanding the foregoing, ▇▇▇▇▇▇, WROP and WDOP may acquire income-producing real estate assets after the Closing Date (a) as provided in Section 8.11, and (b) in a like-kind exchange of Real Estate owned by such Person as of the Closing Date.